Innovative initiatives supporting inclusive innovation in India: Social business incubation and micro venture capital

Lina Sonne

Technological Forecasting and Social Change, 2012, vol. 79, issue 4, 638-647

Abstract: In India inclusive innovation through social entrepreneurs is currently booming. However, these entrepreneurs suffer from a lack of finance since the bank system as well as the microfinance sector are unwilling or unable to finance them. However, pioneering finance initiatives have been emerging recently to bridge this gap. This paper discusses these emerging alternative financing initiatives which are forming an innovation eco-system of support for inclusive innovation and social entrepreneurship. It highlights two instruments in particular that are used in conventional innovation support: business incubation and venture capital. Two case studies are undertaken in order to provide evidence on how such instruments can operate with a ‘dual bottom line’ in supporting inclusive innovation and social entrepreneurship.

Keywords: Inclusive finance; Inclusive innovation; Entrepreneurship; Financial innovation; Rural finance; India; India's financial system (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (63)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:79:y:2012:i:4:p:638-647

DOI: 10.1016/j.techfore.2011.06.008

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